this morning, Bitcoin Policy Institute (BPI) Issued in 53 pages a report About the pros of the United States creating a Strategic Bitcoin Reserve (SBR).
In July, @CynthiaMLummis He announced the Bitcoin Act, the first bill in the US Congress to propose a strategy #Bitcoin Reserve.
In our most comprehensive report to date, we support the United States’ adoption of a strategic reserve. Read the report here: https://t.co/xQJG2Ebksi pic.twitter.com/gq3yI7oJUO
— Bitcoin Policy Institute (@btcpolicyorg) November 4, 2024
The report’s authors touched on four main benefits of holding Bitcoin as a strategic reserve asset:
- Economic and monetary stability — Bitcoin is a hedge against currency decline and debt instability
- Geopolitical competition – The United States could gain a strategic advantage over other countries considering establishing a Bitcoin reserve and could enhance US influence over global financial standards
- Energy and climate Bitcoin mining can be leveraged to accelerate the move toward renewable energy
- Financial inclusion and human rights – The United States can work to promote the concepts of individual freedom and financial inclusion for both US citizens and residents abroad
Although I agree that the US establishment of the SBR would deliver these benefits, I also believe that it would send a certain message loud and clear: We embrace change in the United States.
We can tell the world that we recognize the many positive attributes of Bitcoin and that we want to use them to our advantage.
By doing so, we can shift the narrative around Bitcoin from something to be feared and controlled to something to be embraced and used, and we can support a tool that can be used to increase the financial buoyancy of both people and institutions around the world. The Earth instead of getting in its way.
Comments are closed, but trackbacks and pingbacks are open.